The bank also manages to earn a higher net interest margin than peers, even in this difficult environment of persistent low interest rates.
Bank
Net Interest Margin (Q1 2016)
U.S. Bancorp
3.08%
Wells Fargo
2.90%
Bank of America
2.31%
Citigroup
2.92%
U.S. Bancorp delivers strong profitability while continuing to grow at an impressive pace. During the first quarter of 2016, the bank's loan portfolio grew by 5.8% year over year, including 10.2% growth in commercial lending, and deposits grew by 6.3%.
In a nutshell, it's tough to match U.S. Bancorp's combination of safety, profitability, and growth potential elsewhere in the banking industry.
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Brian Feroldi owns shares of Visa. Jason Hall owns shares of Bank of America, Markel, and Wells Fargo. Matthew Frankel owns shares of Bank of America. The Motley Fool owns shares of and recommends Markel, Visa, and Wells Fargo. The Motley Fool has the following options: short May 2016 $52 puts on Wells Fargo. The Motley Fool recommends Bank of America. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.